Tower Research Capital LLC TRC Has $116,000 Stock Position in Rentokil Initial plc (NYSE:RTO)

Tower Research Capital LLC TRC lessened its holdings in shares of Rentokil Initial plc (NYSE:RTO) by 73.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,569 shares of the company’s stock after selling 12,892 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Rentokil Initial were worth $116,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RTO. River Road Asset Management LLC lifted its holdings in shares of Rentokil Initial by 114.2% during the 4th quarter. River Road Asset Management LLC now owns 3,786,010 shares of the company’s stock valued at $95,862,000 after purchasing an additional 2,018,866 shares in the last quarter. MIG Capital LLC boosted its holdings in shares of Rentokil Initial by 29.1% in the fourth quarter. MIG Capital LLC now owns 1,543,879 shares of the company’s stock valued at $39,091,000 after buying an additional 347,882 shares during the period. Alberta Investment Management Corp increased its position in shares of Rentokil Initial by 21.6% during the fourth quarter. Alberta Investment Management Corp now owns 1,312,471 shares of the company’s stock worth $33,232,000 after acquiring an additional 232,871 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of Rentokil Initial by 109.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,091,475 shares of the company’s stock worth $27,636,000 after acquiring an additional 570,330 shares during the period. Finally, Nichols & Pratt Advisers LLP MA lifted its position in Rentokil Initial by 11.0% in the 4th quarter. Nichols & Pratt Advisers LLP MA now owns 793,679 shares of the company’s stock valued at $20,096,000 after acquiring an additional 78,953 shares in the last quarter. 9.91% of the stock is currently owned by institutional investors.

Rentokil Initial Trading Up 0.1 %

NYSE RTO opened at $23.39 on Friday. The stock has a market capitalization of $11.81 billion, a price-to-earnings ratio of 15.49, a PEG ratio of 7.95 and a beta of 0.96. Rentokil Initial plc has a 52 week low of $19.60 and a 52 week high of $34.07. The stock’s 50 day moving average price is $22.51 and its two-hundred day moving average price is $24.39. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.96 and a current ratio of 1.04.

Rentokil Initial Announces Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, May 15th. Investors of record on Friday, April 4th will be given a $0.3825 dividend. This represents a yield of 2.4%. The ex-dividend date is Friday, April 4th. Rentokil Initial’s dividend payout ratio (DPR) is currently 43.71%.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Rentokil Initial in a report on Friday, March 7th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

About Rentokil Initial

Rentokil Initial plc, together with its subsidiaries, provides route-based services in North America, the United Kingdom, rest of Europe, Asia, the Pacific, and internationally. It offers a range of pest control services for rodents, and flying and crawling insects, as well as other forms of wildlife management for commercial customers.